Nikita Bier, X's head of product, recently made a statement that could be interpreted as a hint at X's upcoming launch. 'Crypto has had a rough year, maybe it's time we launch something to fix it,' Bier wrote in a post that garnered over 677,000 views in a matter of hours.
This comes as Elon Musk's X Money is set to launch in April, featuring peer-to-peer transfers, bank deposits, a debit card, and cashback rewards, all built in partnership with Visa and available in over 40 US states. While details about the product remain scarce, it is described as fiat-based with no confirmed crypto functionality, although X has not ruled out the possibility of incorporating blockchain technology. The recent hiring of Benji Taylor, formerly of Aave, as Chief Product Officer and Head of Design, further fuels speculation about the potential overlap between X's product and crypto.
As the launch of X Money approaches, the question remains whether it will compete with crypto or eventually integrate it, leaving the crypto community to wonder if its next catalyst will come from within or from external platforms.